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V2 Retail Q2 revenue jumps 28.4% to Rs 905 crore, but same-store sales growth slows to 0.5%
Our read
V2 Retail will keep posting strong headline growth on store additions, but same-store sales will stay well below Q1's 7.5% for at least another quarter, and the market will judge it on like-for-like trends.
For operators
Almost all of V2 Retail's 28.4% growth came from adding 49 stores (three closed), while same-store sales growth fell to 0.5% from 7.5% in Q1, so the priority is lifting new-store ramp-up and existing-store productivity through assortment, pricing and conversion rather than just opening more.
Watch
Net store additions in the next quarter versus the 49 added and three closed in Q2
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How do V2 Retail's results compare with its rivals?The report
V2 Retail reported a 28.4 per cent year-on-year rise in Q2 FY27 standalone revenue to Rs 905 crore. Same-store sales growth was 0.5 per cent, down from 7.5 per cent in Q1. The company added 49 stores and closed three during the quarter.
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What to watch next
- Q3 same-store sales growth against the 0.5% in Q2 and 7.5% in Q1
- Q3 standalone revenue against Rs 905 crore in Q2 and Rs 997 crore in Q1
- Management commentary on festive demand, discounting and new-store maturity
- Share price and analyst estimate revisions after the results
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